Limitation in the value of Teh and Quek’s shareholding

TAN Sri Teh Hong Piow and Tan Sri Quek Leng Chan, the owners of two Chinese banks are multi-billionaires.

Teh has a 23.4% stake in Public Bank Bhd and 44.2% in insurance company, LPI Capital Bhd. Teh’s interest in Public Bank is worth RM18.6bil, which puts him among the top three richest persons in the country.